*DJIA* Week 19 – 2019

Weekly chart showing bearish. The 14th MACD histogram formed ABOVE zero. Weekly ending at 26962.5. The resistance of 26000 is tested and closed above it. Market has tiredness sign.

 





The MA9 crossed down MA16 during 7th May 2019.  TKM v1.1 had triggered a Short entry during 7th May 2019 at open price, 26220. The CutLoss is 26500 and first Profit Taking target is 25600. Since the market had move downwards and hit first profit target briefly, the entry i still holding and the Trailing Stop is set at 26200 (entry price).

Entry: Short 26220, Trailing stop 26220.

 

DJIA Weekly Chart – Week 19 – 2019

 

DJIA Daily Chart – Week 19 -2019



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